View 2001 Chevrolet Monte Carlo Insurance Cost

Locating better insurance prices for your Chevy Monte Carlo can turn out to be an all-consuming task, but you can learn our auto insurance buying tips to find lower rates. There are both good and bad ways to shop for auto insurance so you’re going to learn the quickest way to get price quotes for your Chevy and find the lowest possible price either online or from local insurance agents.

It’s a good habit to compare prices yearly because insurance rates are constantly changing. Just because you found the best rates on Monte Carlo coverage six months ago you may be paying too much now. Starting right now, forget anything you know (or think you know) about auto insurance because it’s time to teach you the fastest and easiest way to find lower rates on auto insurance.

Finding affordable coverage is not that difficult. If you have insurance now or are looking for a new policy, you can learn to reduce the price you pay and still get good coverage. Drivers only need an understanding of the most efficient way to get comparison rates over the internet.

Save on 2001 Chevy Monte Carlo insurance

Auto insurance companies don’t always publicize all available discounts in a way that’s easy to find, so we break down both well-publicized and also the lesser-known discounts you could be receiving. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Driver Safety – Successfully completing a course in driver safety could cut 5% off your bill depending on where you live.
  • Early Switch Discount – Select companies give a discount for switching policies prior to your current policy expiration. It’s a savings of about 10%.
  • Organization Discounts – Belonging to certain professional organizations may earn a discount on car insurance on Monte Carlo coverage.
  • Own a Home – Owning a home can help you save on car insurance because maintaining a house is proof that your finances are in order.
  • No Charge for an Accident – A few companies allow you one accident before raising your premiums so long as you haven’t had any claims for a particular time prior to the accident.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on Monte Carlo coverage than their less cautious counterparts.

Drivers should understand that some credits don’t apply the the whole policy. Most only cut individual premiums such as collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky.

Companies that possibly offer these benefits include:

It’s a good idea to ask every prospective company what discounts are available to you. Some discounts might not be offered in your area.

Factors that can influence Chevy Monte Carlo insurance rates

Smart consumers have a good feel for the factors that help determine the price you pay for auto insurance. Knowing what influences your rates empowers consumers to make smart changes that could result in much lower annual insurance costs.

  • Males pay more for insurance – Statistics have proven women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women are in accidents at a similar rate, but men cause more damage. Men also have more aggressive citations such as DWI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.
  • Rates may be lower depending on your job – Did you know your occupation can influence how much you pay for auto insurance? Occupations like judges, executives and accountants tend to pay higher rates than average due to high stress and long work days. On the flip side, jobs such as scientists, athletes and homemakers have the lowest average rates on Monte Carlo coverage.
  • More claims means more premium – Car insurance companies provide better rates to drivers who do not file claims often. If you file claims often, you can definitely plan on higher rates. Car insurance is intended to be relied upon for the large, substantial claims.
  • Safer occupants lowers premiums – Vehicles with high crash test scores are cheaper to insure. The safest vehicles reduce injuries and lower injury rates means less money paid by your insurance company and more competitive rates for policyholders. If your Chevy is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Pay less if you’re married – Having a wife or husband helps lower the price when buying auto insurance. Marriage is viewed as being more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Traffic violations increase rates – Your driving citation history impacts your car insurance rates tremendously. Careful drivers have lower premiums than their less careful counterparts. Even one ticket can boost insurance rates forty percent or more. Drivers who have dangerous citations like reckless driving, hit and run or driving under the influence may need to submit a SR-22 form with their state motor vehicle department in order to prevent a license revocation.
  • Don’t buy coverages you don’t need – There are a lot of extra bells and whistles that you can buy when buying auto insurance. Insurance for personal injury protection, towing coverage and membership fees may be costing you every month. They may seem good initially, but your needs may have changed so eliminate the coverages to reduce your premium.

Tailor your coverage to you

When buying the right insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether or not you will benefit from professional help.

  • What is the minimum liability in my state?
  • Where can I find DUI or SR-22 insurance?
  • Am I covered if my car is in a flood?
  • Can my teen drive my company car?
  • Will filing a claim cost me more?
  • How can I find cheaper teen driver insurance?
  • How can I get my company to pay me more for my totalled car?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Am I missing any policy discounts?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.

Insurance coverage breakdown

Understanding the coverages of a insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as rock chips in glass, a broken windshield and theft. The highest amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Monte Carlo.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for bills like EMT expenses, prosthetic devices and pain medications. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Collision coverage

Collision insurance pays for damage to your Monte Carlo resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as damaging your car on a curb, sideswiping another vehicle, colliding with another moving vehicle, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Auto liability

Liability coverage provides protection from damage or injury you incur to people or other property. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like medical services, repair costs for stationary objects, legal defense fees, bail bonds and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Smart consumers save more

Throughout this article, we presented some good ideas how you can get a better price on 2001 Chevy Monte Carlo insurance. The key concept to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the lowest rates come from a smaller regional carrier.

Consumers who switch companies do it for any number of reasons including delays in paying claims, extreme rates for teen drivers, policy cancellation and even unfair underwriting practices. Regardless of your reason for switching companies, switching companies is actually quite simple.

When you buy insurance online, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where an insured cut comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

To learn more, link through to the articles below: